Published and Realised Tariffs The Weak Link

Ira N Gang Mihir Pandey This paper investigates the link between published tariff rates and realised tariff rates using Indian inter- industry manufacturing sector data over three Plan periods. Understanding this link is important as economies liberalise trade and must deal with the potential revenue shortfalls: if the published and realised rates exhibit independent idiosyncratic behaviour, it is difficult to calculate the actual implications of changes in the published tariff rate.